Pork exports contribute to Smithfield's profit comeback Tuesday, May 31, 2011 Smithfield Foods Inc., based in Virginia, cites pork exports to Canada, along with other countries, as contributing to quarterly earnings that far exceeded expectations.In the quarter ending in January, Smithfield, the world's largest pork producer, exported 24 per cent of its production. According to published reports, chief executive Larry Pope credited double digit increases in sales to Japan, China Korea and Canada. As a result, Smithfield revenue rose 10 per cent to $3.19 billion, above the $3.16 billion average analyst forecast. The hog production unit still lost money, but it was only $2.3 million compared to $78.3 million a year before as higher hog prices made up for expensive feed.Across the industry, Pope said when announcing the company's financial situation, "supply and demand are in balance."Smithfield said it reduced its debt by $913 million by January, bringing its total debt level to $2.1 billion. BP Countering the 'meatless' weight loss theory Angry exchange on British pork prices
Diverse entrepreneurs get $1.5M lift in Agri-Food Friday, September 27, 2024 AWEDI to fund diverse startups in Ontario’s Agri-sector Agriculture and Agri-Food Canada, in collaboration with the Ontario government, unveiled the Agricultural Workforce Equity and Diversity Initiative (AWEDI) on September 24, 2024. This new funding program, supported by the... Read this article online
Vancouver grain terminal workers start strike Thursday, September 26, 2024 Workers at six grain terminals at the Port of Vancouver walked off the job Tuesday morning. More than 600 employees represented by the Grain Workers Union Local 333 (GWU) went on strike at 7:00 a.m. PT on Sept. 24 after failed negotiations between it and the Vancouver Terminal Elevators... Read this article online
Bayer expands label for BUTEO seed treatment in Western Canada Thursday, September 26, 2024 Mustard growers in Western Canada will have a new crop protection tool available to them for the 2025 growing season. Bayer has expanded its label of BUTEO start insecticide seed treatment to include use on mustard. “This product has been trusted by canola growers for a few years for... Read this article online
Snobelen Farms Elevates Grain Service in Brantford Thursday, September 26, 2024 $2 Million Upgrade Triples Facility Speed Snobelen Farms Ltd. has unveiled a comprehensive upgrade to its grain handling facility in Brantford. The $2 million investment focuses on state-of-the-art equipment and technological advancements to better serve local agricultural... Read this article online
Supply management bill could factor into Liberal confidence votes Thursday, September 26, 2024 How soon Canadians head to the polls for a federal election could depend on how quickly an ag bill receives royal assent. Bloc Québécois Leader Yves-François Blanchet gave the Liberals a deadline of Oct. 29 to pass two of the Bloc’s private member bills, or it will work with other parties... Read this article online